This study introduces a new firm-level dataset containing over two million projects co-funded by the European Union’s (EU) structural and Cohesion funds in 25 EU member states in the multi-annual financial framework 2007-2013. Information on individual beneficiary firms and institutions...

This paper identifies determinants of compliance with various types of national numerical fiscal rules. Based on 51 fiscal rules in 20 EU member states from 1995 to 2015, the analysis identifies determinants among specific rule characteristics and their fiscal frameworks, as well as their...

China's economy, the second largest in the world, is undergoing a fundamental transition. Its transition from a strong focus on investment and exports towards a larger share of consumption could have important ramifications for China's trading partners. Using China as a case study, this paper...

Utilising data of the EU28 Member States for the period 1996-2015, this paper confirms the findings of previous studies that the stipulation of fiscal rules reduces fiscal volatility and consequently contributes to macroeconomic stability. Yet, we document that this result only holds for rules...

Ein CO2-Preis setzt Anreize für ein emissionsärmeres Verhalten und Investitionen in emissionsärmere Technologien. Damit dieses Koordinationssignal uneingeschränkt wirken kann, muss es möglichst einheitlich über alle Sektoren, Technologien, Regionen und Emittenten wirken. Für Haushalte...

The current European fiscal framework is highly complex. The multitude of fiscal rules and the discretion in their enforcement precludes an effective oversight and weakens the effectiveness of fiscal rules substantially. Against this background, we present a proposal for a careful refocusing of...

Die Corona-Pandemie sowie die zu ihrer Eindämmung in vielen Staaten getroffenen Maßnahmen gehen mit einer massiven Beeinträchtigung der Wirtschaftsaktivität einher. In diesem Papier werden die verschiedenen volkswirtschaftlichen Einschränkungen diskutiert, denen Unternehmen, Arbeitnehmer...

This article explores the design of Carbon Adjustment Mechanisms based on an analysis of historical data, the existing literature as well as theoretical considerations. In the empirical analysis we quantify territorial emissions as compared to the CO2 footprints for countries within the EU-ETS...

This study analyzes the effects of increased trade with China and Eastern Europe on manufacturing employment in 1,146 NUTS-3 regions of 17 Western European countries from 1991 to 2011. Building on Autor et al. (2013) we aim at identifying the causal effects of an increase in import and export...

Es gibt öffentliche Investitionsbedarfe in Deutschland, etwa zur Bewältigung des Strukturwandels, im Rahmen der Klimapolitik oder der öffentlichen Infrastruktur. Deren genaue Höhe ist jedoch äußerst unsicher. Einer Erhöhung der Investitionen stehen die ausgelasteten Kapazitäten in der...